On May 20, during the Q1 earnings conference call, Huang Jiang, Chairman of Liyang Chip, discussed the topic of price adjustments. He explained that, owing to the high demand for certain testing capacities, the company has implemented a 10%-15% price increase for a select range of testing services since April 1. This strategic move aims to ensure consistent product delivery and uphold superior service quality. The impact of this price hike on the company's overall revenue is projected to be relatively modest, with minimal repercussions anticipated for its broader operations and performance. Future pricing trends will hinge on the prevailing market supply and demand dynamics.
